INTERNATIONAL. Qatar’s royal family is close to buying Valentino Fashion Group SpA from Permira Holding Ltd. for 550 million British pounds (US$852 million) with an announcement expected this week, Sky News reported on its website, without saying how it obtained the information.

Qatar’s royal family would make the purchase and not the country’s sovereign wealth fund, Sky reported.

A representative at the office of the Qatari Emir Hamad Bin Khalifa Al Thani declined to comment when Bloomberg contacted him by phone today.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

UAE. Investments in Machine Intelligence & Autonomous Vehicles will continue to grow and change the way we experience the world; The online survey was completed with an audience of 400 "tech elites" and 1,000 general population respondents.

UAE. Business leaders from the UAE gathered together at an ACCA event in collaboration with Thomson Reuters which took place in Abu Dhabi and Dubai to discuss the first 100 days of VAT in the UAE and how organisations can navigate adoption challenges.

UAE. Investments in Machine Intelligence & Autonomous Vehicles will continue to grow and change the way we experience the world; The online survey was completed with an audience of 400 "tech elites" and 1,000 general population respondents.